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GrandTech (TPEx:6123) reported YoY 19% growth on Dec 2019 consolidated revenue of NT$420M

Taipei, Taiwan, R.O.C., January 07, 2020 -- GrandTech (TPEx: 6123) reported consolidated revenue at NT$420M in December 2019, 19% YoY growth.

GrandTech quoted, each business group delivered good performance in Dec, especially DDPB (Dynamic Digital Print Business). Both Creative SaaS and Cloud Services business units had better contribution too. Steady growth from 3rdquarter and the consolidated revenue of NT$1.58B in 4thquarter delivered 14% year-over-year growth if HK campus project is excluded in the same period.

In fiscal year 2019, GrandTech delivered the 2nd highest annual revenue record of NT$5.257B, slight increase compared to last year and 14% year-over-year growth if HK campus project revenue is excluded.

2019 in retrospect, GrandTech has stable growth with double digit on ARR (Annual Recurring Revenue) in past three years, and past years market cultivation on DDPB (Dynamic Digital Print Business) continue to yield fruits. GrandTech is optimistic on prospective opportunities on both DDPB and Cloud related business for the continuous growth to deliver healthy return to the shareholders.

2019 revenue report (consolidated): (Unit:NT$ thousands)

Period

2019

2018

YoY

consolidated revenue

consolidated revenue

Increase (Decrease) Rate%

December

419,649

351,353

19%

Q4

1,581,813

1,685,306

-6%

Annual

5,257,394

5,226,022

0.6%

Note: December 2019, Q4 and Annual revenue is unaudited consolidated account.

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